Business Revenue Generating Loans for 14 villages

by Ouelessebougou Alliance

Summary

Revolving loans are offered for development committees in rural villages. Loan profits support the elementary school program for the village community and provide a way for individuals to participate and make a profit.
$6,000
total goal
$660
remaining
37
donors
0
monthly donors
8
years active

Challenge

More than 1,500 children currently receive an education in twelve village elementary schools. Many villagers cannot afford to send their children to school, so village economic development committees are formed to plan and carry out new business ventures in order to make a profit and help pay for teachers’ salaries. Each village is required to pay about $32 per month, about 75 cents per child, to sustain the education needs in their villages.

Solution

Alliance staff work with village committees to begin new loan projects. They also provide continual business training to ensure project success. Current projects include grain banks, fertilizer (for cotton production) and individual business projects (as approved by the village development committee).

Long-Term Impact

More than 1,500 students look to the Alliance for an education. Loans increase income & provide a way for villages to assume responsibility for their education needs. Elementary schools will continue to offer a bright future for village children.

Resources

http:/​/​www.lifteachother.org
Economic Development (loan projects) video
Economic Development initiatives in Ouelessebougou

Organization Information

Ouelessebougou Alliance

Location: Salt Lake City, Utah - USA
Website: http:/​/​www.lifteachother.org
Project Leader:
Angie Roberts
Executive Director
Salt Lake City, Utah United States

Retired Project!

This project is no longer accepting donations.

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